World News | Boy Scouts' USD 2.4 Billion Bankruptcy Plan Upheld by Judge
Get latest articles and stories on World at LatestLY. A federal district court judge has upheld the approval of a USD 2.4 billion bankruptcy reorganization plan aimed at resolving tens of thousands of child sexual abuse claim against the Boy Scouts of America.
Dover (US), Mar 28 (AP) A federal district court judge has upheld the approval of a USD 2.4 billion bankruptcy reorganization plan aimed at resolving tens of thousands of child sexual abuse claim against the Boy Scouts of America.
The ruling docketed on Tuesday rejects arguments by non-settling insurance companies and attorneys representing dissenting abuse survivors that the reorganisation plan was not proposed in good faith and improperly strips the insurers and survivors of their rights.
The ruling follows a September decision in which US Bankruptcy Judge Laurie Selber Silverstein approved the plan. The plan would allow the Irving, Texas-based Boy Scouts of America to continue operating while compensating tens of thousands of men who say they were sexually abused as children while involved in Scouting. (AP)
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)